Global factors will impose on movement of stock price index

Global factors will impose on movement of stock price index : Weakening on Wall Street overnight, followed a regional stock exchange this morning and oil prices dropped below U.S. $ 77 per barrel would cost the movement of stock price index (CSPI).

However, the financial statements of listed companies the first half of this year which would still be able to go back out into the driving investors to buy shares.

The Dow Jones closed down 39.81 points (0.38 percent) percent to 10497.88 level since the fourth quarter financial report on the aircraft manufacturer Boeing disappointing decline in durable goods orders, as well as records from the United States central bank stating that the economy indeed slowing.

Analyst from PT Panin Securities Tbk., Purwoko Sartono suggested in yesterday's trading index improved its record high following the strengthening of the Asian market and European bourses which opened higher.

"The positive sentiment from the second quarter 2010 financial performance could be driving the movement of regional exchanges, including exchanges of Jakarta," he explained.

Today Purwoko diverse predicts the index will move in a narrow range between 3049 to 3072, with the trend can still be strengthened. "With limited room for increasing seed stocks because the price is already very high, then investors will glance at the two-layer stock," he said.

Index trade on Wednesday recorded a record high yesterday and closed at a new level of 3057.475, up 15.797 points (0.52 percent) from the previous day's position at 3041.678.